State Program Performance Data

State Program Performance Data

Monthly State Program Performance Data & Trends

California

Key Program Metrics Snapshot
(as of November 30, 2021)

Program Performance Indicators, Monthly Percent Change
(as of November 30, 2021)

10/31/21 11/30/21 Percent Change 10/31/21-11/30/21
Total Assets $144,760,876 $154,303,495 6.6%
Total Funded Accounts 201,492 209,033 3.7%
Total Withdrawals $15,665,723 $18,105,870 15.6%
Accounts with Withdrawals  

28,702

 

30,968

7.9%
Average Deferral Rate 5.02% 5.02%
Average Monthly Contribution Amount  

$138

 

$147

6.8%
Average Funded Account Balance  

$718

 

$738

2.7%
Effective Opt Out Rates 29.60% 29.79%
Total Registered Employers  

17,025

 

21,191

24.5%
Total Added Employee Data  

11,020

 

12,897

17.0%
Total Submitting Payroll Deductions  

6,277

 

6,566

4.6%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from CalSavers.

Illinois

Key Program Metrics Snapshot
(as of November 30, 2021)

Program Performance Indicators, Monthly Percent Change 
(as of November 30, 2021)

10/31/21 11/30/21 Percent Change 10/31/21-11/30/21
Total Assets $79,518,810 $80,099,527 0.7%
Total Funded Accounts 95,717 97,163 1.5%
Total Withdrawals $13,477,812 $14,586,379 8.2%
Accounts with Withdrawals  

19,449

 

20,209

3.9%
Average Deferral Rate 5.04% 5.05%
Average Monthly Contribution Amount  

$110.68

 

$116.50

5.2%
Average Funded Account Balance  

$830.77

 

$824.38

-0.78%
Effective Opt Out Rates 33.54% 33.52%
Total Registered Employers  

6,296

 

6,386

1.4%
Total Added Employee Data  

4,185

 

4,258

1.7%
Total Submitting Payroll Deductions 2,886 2,925 1.4%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from IL Secure Choice.

Oregon

Key Program Metrics Snapshot
(as of October 31, 2021)

Program Performance Indicators, Monthly Percent Change 
(as of October 31, 2021)

9/30/21 10/31/21 Percent Change 9/30/21-10/31/21
Total Assets $133,535,002 $140,695,842 5.4%
Total Funded Accounts 112,674 112,424 -.22%
Total Withdrawals $33,942,132 $36,076,117 6.3%
Accounts with Withdrawals 26,496 27,475 3.7%
Average Deferral Rate 5.5% 5.5%
Average Monthly Contribution Amount $143 $131 -8.4%
Average Funded Account Balance $1,185 $1,251 5.6%
Effective Opt Out Rates 32.0% 31.9%
Total Registered Employers 17,021 17,012 -.05%
Total Added Employee Data 14,889 14,889 0%
Total Submitting Payroll Deductions 7,677 7,691 .18%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from OregonSaves.

Monthly Cumulative State Program Performance Metrics (CA, IL, and OR)

Key Program Metrics Snapshot (CA, IL and OR)
(as of October 31, 2021)

Program Performance Indicators
Monthly Percent Change
(as of October 31, 2021)

9/30/21 10/31/21  Percent Change 9/30/21-10/31/21
Total Assets $333,363,377 $364,975,528 9.5%
Total Funded Accounts 400,622 409,633 2.2%
Total Registered Employers 37,612 40,333 7.2%
Total Added Employee Data 29,192 30,094 3.1%
Total Submitting Payroll Deductions 16,474 16,854 2.3%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from CalSavers, IL Secure Choice, and OregonSaves.

Massachusetts
Key Program Metrics Snapshot

Washington
Key Program Metrics Snapshot

Quarterly State Program Performance Data & Trends

9/30/20 3/31/21 Percent Change 9/30/20-3/31/21 6/30/21 9/30/21 Percent Change 6/30/21-9/30/21 Percent Change 9/30/20-9/30/21
Total Assets $11,026,726 $54,756,572 396.58% $90,144,631 $126,145,383 39.9% 1,044.0%
Total Funded Accounts 27,544 128,818 367.68% 158,335 193,622 22.29% 603.0%
Total Withdrawals $955,143 $4,920,093 415.12% $8,681,689 $13,720,246 58.04% 1,336.46%
Accounts with Withdrawals 2,656 14,190 434.26% 20,419 26,579 30.12% 900.71%
Average Deferral Rate 5.03% 5.11% 5.09% 5.02%
Average Monthly Contribution Amount $126.48 $135.17 6.87% $142.73 $143 0.19% 13.06%
Average Funded Account Balance $400.33 $425.07 6.18% $569.14 $652 14.56% 62.87%
Effective Opt Out Rates 34.54% 29.25% 29.96% 29.70%
Total Registered Employers 3,500 9,957 184.49% 12,886 14,413 11.85% 311.8%
Total Added Employee Data 2,074 6,349 206.12% 8,236 10,183 23.64% 390.98%
Total Submitting Payroll Deductions 855 3,280 283.63% 4,312 5,929 37.5% 593.45%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from CalSavers.
9/30/20 3/31/21 Percent Change 9/30/20-3/31/21 6/30/21 9/30/21 Percent Change 6/30/21-9/30/21 Percent Change 9/30/20-9/30/21
Total Assets $35,187,947 $55,672,562 58.2% $67,073,057 $73,682,992 9.85% 109.4%
Total Funded Accounts 71,568 85,355 19.3% 90,403 94,326 4.34% 31.8%
Total Withdrawals $4,451,422 $8,267,115 85.7% $10,333,863 $12,700,792 22.9% 185.32%
Accounts with Withdrawals 11,724 15,953 36.1% 17,495 18,984 8.51% 61.92%
Average Deferral Rate 5.02% 5.03% 5.04% 5.05%
Average Monthly Contribution Amount $96.39 $103.11 7.0% 114.90 $112.96 -1.69% 17.2%
Average Funded Account Balance $491.67 $652.25 32.7% 741.93 $781.15 5.29% 58.88%
Effective Opt Out Rates 37.12% 35.08% 35.01% 33.55%
Total Registered Employers 5,843 6,100 4.4% 6,060 6,178 1.95% 5.73%
Total Added Employee Data 3,685 4,017 9.0% 4,033 4,120 2.16% 11.8%
Total Submitting Payroll Deductions 2,527 2,806 11.0% 2,837 2,868 1.09% 13.49%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from IL Secure Choice.
9/30/20 3/31/21 Percent Change 9/30/20-3/31/21 6/30/21 9/30/21 Percent Change 6/30/21-9/30/21 Percent Change 9/30/20-9/30/21
Total Assets $69,167,837 $99,147,494 43.34% $118,898,674 $133,535,002 12.31% 93.06%
Total Funded Accounts 74,333 104,709 40.86% 110,047 112,674 2.39% 51.58%
Total Withdrawals $17,193,138 $24,724,830 43.81% $28,973,811 $33,942,132 17.15% 97.42%
Accounts with Withdrawals 17,724 22,219 25.36% 24,258 26,496 9.23% 49.49%
Average Deferral Rate 5.35% 5.60% 5.50% 5.50%
Average Monthly Contribution Amount $136.17 $139 2.08% $131 $143 9.16% 5.02%
Average Funded Account Balance $930.51 $947 1.77% $1,080 $1,185 9.72% 27.35%
Effective Opt Out Rates 33.63% 32.60% 32.2% 32.0%
Total Registered Employers 14,235 16,940 19.0% 16,969 17,021 0.31% 19.57%
Total Added Employee Data 11,584 14,606 26.09% 14,820 14,889 0.47% 28.53%
Total Submitting Payroll Deductions 6,038 7,291

 

20.75% 7,549 7,677 1.70% 27.14%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from OregonSaves.

Quarterly Cumulative State Program Performance Metrics (CA, IL, and OR)

Download full chart (PDF)

   

9/30/20

 

3/31/21

Percent Change 9/30/20-

3/31/21

 

6/30/21

 

9/30/21

Percent Change  6/30/21- 9/30/21 Percent

Change

9/30/20-

9/30/21

Total Assets $115,382,510 $209,576,628  82% $276,086,362 $333,363,377  21%  189%
Total Funded Accounts 173,445 318,882  84%  358,785 400,622  12%  131%
Total Registered Employers 23,578 32,997  40%  35,915 37,612  5%  60%
Total Added Employee Data 17,343 24,972  44%  27,089 29,192  8%  68%
Total Submitting Payroll Deductions 9,420 13,377  42%  14,698 16,474  12%  75%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from CalSavers, IL Secure Choice, and OregonSaves.

Semi-Annual and Annual State Program Performance Metrics (CA, IL, and OR)

9/30/20 3/31/21 Percent Change 9/30/20-3/31/21 9/30/21 Percent Change 3/31/21-9/30/21 Percent Change 9/30/20-9/30/21
Total Assets $115,382,510 $209,576,628 81.6% $333,363,377 59.1% 188.9%
Total Funded Accounts 173,445 318,882 83.9% 400,622 25.6% 131%
Total Registered Employers 23,578 32,997 39.9% 37,612 14.0% 59.5%
Total Added Employee Data 17,343 24,972 44.0% 29,192 16.9% 68.3%
Total Submitting Payroll Deductions 9,420 13,377 42.0% 16,474 23.2% 74.9%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from CalSavers, IL Secure Choice, and OregonSaves.

Annual State Program Performance Data & Trends

Individual State Program Performance Data, December 2019-December 2020

3-State Comparison of Program Performance, December 2019-December 2020
(OregonSaves, Illinois Secure Choice, and CalSavers)